Fed's Lisa Cook is going to court to challenge her firing

Economic research at central banks plays an important role: for the institutions themselves, the economists employed there, and for the decision-makers. Here are 5 ‘Cs’ of research, relevant to central banks but also other institutions with decision-making responsibility in policy and the marketplace: credibility, currency, communication, careers, and change. Research is the currency of the economics profession, which fundamentally is about understanding the relationships between households, businesses, and financial firms. Good research lends credibility to the institution through more informed decision-making. For the central bank, credibility is crucial to the functioning of monetary policy, its transmission, and monetary policymakers’ capacity to affect output and inflation. The credibility of the institution also depends on investment in this currency of the profession. Investment in staff’s careers who undertake this research implies they have time, resources and guidance to engage in research that supports the policy objectives of the institution. Research also changes and evolves – new data and methods support progress in the profession and help me as a policymaker to make judgements based on a range of data sources and models. Knowledge-sharing of research across institutions, enabled by conferences like these, encourages innovation. Finally, credibility, career, currency, and change come together through various forms of communication of that research, as a key ingredient to research quality and decision-making. The Bank of England’s outlets include, among them, internal poste BoE's Mann: Monetary policy not tight enough in BoE's August rate path. Mann States 'A More Persistent Hold' on Bank of England Rates Is Suitable at Present Mann States Willing to Implement Bigger Cuts if Downside Risks Increase

The Conference Board Leading Economic Index® (LEI) for the US inched down by 0.1% in July 2025 to 98.7 (2016=100), after declining by 0.3% in June. The LEI fell by 2.7% over the ...